Shein and Temu have announced price increases due to rising global tariffs and operational costs, effective April 25. Both companies issued similar statements about the necessity of these adjustments to maintain quality while keeping prices affordable. They face challenges from a combined 145% tariff on Chinese imports and potential changes to the de minimis exemption for low-value shipments. A report indicates that about 30% of customers might reduce shopping if prices rise, reflecting a trend of declining shopper engagement for both brands despite their initial popularity and regulatory scrutiny.

Source: https://www.supplychaindive.com/news/shein-temu-raise-prices-tariffs/746261/